took SPY puts profits and

    Posted by perthx on 21st of Jan 2010 at 12:23 pm

    took SPY puts profits and now flat, maybe too soon again but the way things are I can always reposition later.

    Kicking myself on the GDX puts I sold yesterday too soon it seems. Can't get every penny but would be nice to get more than 60% of a move. Of course when I sold it looked like I got 90%+.

    Wave 2 of 3 down

    Posted by junkie on 21st of Jan 2010 at 12:51 pm

    Wave 2 of 3 down of the 5-minute charts could take a few days to unfold. The MA(50) won't be broken too easily, IMO. Congratulations on your superb timing!

    superb timing? not!

    Posted by perthx on 21st of Jan 2010 at 12:57 pm

    LOL, I would have done much better holding for the retest of the lows we are seeing now...ahhh, but I am too focused on perfection in trading and that is out of my reach for now. Gonna be happy that I made a nice gain in only 1 week.

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